Cheapest Detached House in Plattsville! Available

  • $444,999
  • 3 beds
  • 2 baths
Albert Street West, Plattsville, Ontario

Offer Date: FIRST COME FIRST SERVE
Closing Date: February 14th, 2025

**Realtors bring us a client and add your commission on top of the purchase price**
*Seller can extend closing to February 28th, 2025 if notice is given by January 27th, 2025*
*Buyer to give additional deposit of $10,000 through lawyer to be released to Seller 5 business days after conditions are waived. If the Seller defaults, the Buyer may register a mortgage at the Sellers expense for $10,000 bearing the interest of 10%*

About the Property

Looking for a HOME RUN deal approximately 30 minutes from the KWC area? SLG has the deal for you!
This fixer-upper detached brick and siding 2-story home in Plattsville is a prime opportunity for investors! With 3 bedrooms, 2 full bathrooms, and a solid 1,852 sqft footprint, this property has the potential of being turned into something special. The property sits on a nicely sized lot with a frontage of 66 feet and depth of 132 feet, adjacent to the Plattsville post office. The basement is unfinished with no separate entrance and the ceiling height ranges from 5.5-6 feet. Fortunately, the furnace and tankless water heater were replaced this year and are owned outright, saving the buyer some time and money. Also, part of the roof was replaced in 2020 and the windows were replaced around 10-15 years ago. There is a 1 car detached garage and a small shed on the property, both of which are in need of new shingles. Don’t miss out on this opportunity—properties like this don’t last long in today’s market!

About the Neighbourhood 

This property is located in the town of Plattsville, which is a part of the Blandford-Blenheim Township. Located in the heartland of South-Western Ontario, Blandford-Blenheim offers all of the conveniences of urban living while enjoying the serenity of country life. With only a 30 minute drive to Kitchener and a 15 minute drive to Hwy 401, the town’s proximity to larger cities and major highways has made it an attractive town to own property in!

Property Details

  • 2-Storey Detached House
  • 3 bedrooms
  • 2 bathrooms
    • 1 full upstairs
    • 1 full on main
  • 1852 sqft above grade
  • 926 sqft below grade
  • Unfinished basement
    • Ceiling height between 5.5-6 feet
  • Electrical panel is breaker
    • Copper wiring
  • Furnace is owned, replaced in 2024
  • No A/C
  • HWT is owned, replaced in 2024
  • Roof replaced in 2020
  • Windows replaced 10-15 years old as per seller
  • 1 car detached garage
  • 1 small shed
  • Built in 1893
  • Lot size is 66ft x 132ft
  • Property tax around $2877
  • CC Zoning

Recommended Renovations

  • Cosmetic updates / landscaping
  • Garage / shed roof
  • Consider adding A/C
  • The seller has the option to leave junk behind so we would recommend budgeting for junk removal
Pictures and More
The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP or rental opportunity.

  • Wholesale Price: $444,999
  • We believe that this property is worth $525,000 on the MLS
  • We believe that after a full cosmetic renovation, this property should be worth at least $695,000 on the MLS.
  • Purchase today for $80K BELOW MARKET VALUE

Comparable Analysis
  • 45 Isabella Street sold for $525,000 only 23 days ago! This comparable 2-storey detached house consists of 4 bedrooms, 1 bathroom and has a smaller footprint of only 1600 sqft. The property sits on a similar sized lot of 66 feet x 135 feet and also has a 1 car detached garage. Unlike the subject, however, this property’s exterior is fully cladded in siding with no brick, it also backs onto an industrial factory. This property is in similar condition to the subject with minimal cosmetic updates throughout. Therefore we believe, after adjustments, the subject property would sell for a price of at least $525,000 on the MLS in AS-IS condition!
  • 37 Mill Street West sold for $655,000 in August 2024 after 4 days on the market! This comparable 1.5-storey detached house consists of 3 bedrooms, 1 bathroom and does not have a garage, unlike the subject. The comparable is slightly larger at 2257 sqft but sits on a similar sized lot of 66 feet x 132 feet. The comparable has seen various cosmetic updates throughout, however, we still consider this property far from being fully renovated. Therefore we believe, after adjustments and a full renovation, the subject property would sell for a price of at least $695,000 on the MLS!
  • 31 Albert Street East sold for $825,000 in November 2024 after only 17 days on the market! This comparable 2.5 storey detached house consists of 4 bedrooms, 2 bathrooms and has a larger footprint of 2200 sqft. The comparable property sits on a similar sized lot of 66 feet x 132 feet, also featuring a 1 car detached garage. This comparable has been completely renovated throughout, not including the basement, which is still unfinished. Therefore we believe, after adjustments and a full renovation, the subject property would sell for a price of at least $695,000 on the MLS!
Price:
$444,999
Address:
Platsville
Lot Size:
66ft x 132ft
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home

Call 647-930-0291 for more details